RE: Yukon-Nevada Gold Corp. Drills 26.23 m Grading I think this shows what many of us keep stressing, that Jerritt Canyon is a huge piece of land in the heard ot gold country with numerous undiscovered reserves. That and the fact that YNG is not just building for today but it is also building for tomorrow and the future. And that is again why sometimes we have to wait for the next quarter of in some cases wait for next year because you can not rebuild a company, rebuild a mill or discover or re open mines over night and with no cost.
"Todd Johnson, VP Exploration for YNG, states that, "Resource conversion and exploration drilling is integral to support mine planning and development. The excellent assay results reported here continue to demonstrate the opportunities to discover and delineate additional mineralization both proximal to and within existing mine(s) infrastructure in support of short and long term mine production goals."
William Hofer, Chief Geologist for Jerritt Canyon, states, "The Zone 5 resource conversion drilling presented an excellent opportunity to quickly convert approximately 20,000 ounces of gold to a reserve classification. The initial excellent assay results give confidence that this drilling could result in reserve development exceeding that of the resource estimate. These ounces are proximal to existing underground development and are relatively near to the Smith Mine portal which will contribute to efficient production to be scheduled for the second half of 2013."
My opinion anyways ... best of fortune to all ! Gerry